Aussie financial services firm Betashares received up to $198 M from Temasek

A binding agreement was announced by Australian financial services company Betashares and Temasek, a global investment firm with its headquarters located in Singapore, for Temasek to invest up to AUD 300 million ($198M) in Betashares.

Following completion, Temasek will become a minority shareholder in Betashares, joining TA Associates and staff as shareholders, the company said in a statement.

After a period of rapid expansion, Betashares received an investment from Temasek. The company is pursuing a long-term goal of becoming a premier independent financial services provider, providing a broad array of high-quality solutions to assist Australians in achieving their financial objectives.

With its range of exchange-traded funds (ETFs), Betashares has managed over AUD 38 billion ($25 billion) on behalf of over a million investors, financial advisers, and institutions over the past three years, maintaining its strong organic growth trajectory. In 2023, the company received the highest level of inflows of any Australian ETF manager.

In addition to announcing its plan to enter the Australian superannuation market, Betashares also introduced Betashares Direct, a cutting-edge retail investment platform, to help self-directed investors create long-term wealth.

In order to increase investor accessibility and affordability, Betashares stays true to its founding values of transparency, cost-effectiveness, and simplicity as it grows into new markets and offerings.

“Since founding the business 14 years ago, we have developed a leading position in Australia’s ETF industry,

“We have worked hard to expand the range of high-quality investment solutions available to investors and their financial advisers, democratized access to wealth creation opportunities for our clients, and improved the range of genuine educational content, emphasizing the power of long-term investing,” said Alex Vynokur, Betashares Founder and Chief Executive Officer.

As for the future, he stated that the company’s priorities are to expand its presence in more markets abroad and to leverage its passion for innovation in order to realize its vision.

In keeping with Betashares’ goal of creating long-term value for its customers, partners in the industry, and shareholders, the statement describes Temasek as a generational investor with a long investment horizon.

By March 31, 2023, Temasek had $287 billion in assets under management.